They can only be useful in the field of remittances, in his opinion.
The crypto-currency boom in its mature stage significantly expanded the ranks of the so-called “smart people” who saw cryptocurrencies as a good investment object and considered them a progressive financial instrument. Proponents of such ideas were also among prominent entrepreneurs and financiers, but the CNBC resource decided to give an example of a diametrically opposite point of view, which Tim Berners-Lee, the creator of the World Wide Web, shared with a source.
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According to him, cryptocurrencies as a means of investment are exclusively speculative in nature, and everything can end up with another “dot-com crisis”. As one of the fathers of the web in its current form is convinced, the fascination with cryptocurrency speculation is very dangerous. He considers money transfers to be the only reasonable use of cryptocurrencies, subject to mandatory conversion into fiat funds.
